Honeywell, a “Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services,” has been utilizing blockchain for multiple reasons, according to a press release from the group.
Essentially, Honeywell has diverted from the traditional paperwork and documentation that most companies suffer from, and is instead tracking information via its digital blockchain ledger, according to the release.
Because of this clients and customers will have no trouble accessing information on Honeywell’s platform, “creating a level of speed and efficiency never before available in the aerospace industry,” the release states.
On top of this the decentralized blockchain platform will provide a ton of security for users. “Each user that Honeywell allows has a copy of the database and knows its contents in real time. Instead of storing only PDF documents or a reference to the digital aircraft record,” the release also notes.
Speaking on the matter is Lisa Butters, the general manager for GoDirect Trade at Honeywell, as well as an applications owner for blockchain tech, who said:
“Honeywell’s offering is like a search engine, but it works for anything and everything related to aircraft parts and service. Honeywell manufactures and repairs thousands of aerospace parts each day, and now all of those events, including the generated air worthiness certificates, go on chain. In aerospace, this is a game-changing technology that will simplify and transform recordkeeping for aircraft owners and airlines around the world.”